April 9, 2019 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announced today the final results of its previously announced debt tender offers (the “Waterfall Offers”). As of 11:59 p.m., New York City time, on April 8, 2019 (the “Expiration Date”) holders of US$1,867,021,000 and €371,098,000 principal amount of the outstanding notes of the... Continue Reading →

Rio de Janeiro, April 09, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the press realease disclosed on 04/05/2019, regarding the competitive sale process of 100% of Liquigás Distribuidora SA, informs that the new Teaser, which contains the main information about the opportunity, as well as wider eligibility criteria for the selection of... Continue Reading →

Forum Subsea Technologies has secured orders from DOF Subsea to supply three of its Ultra Compact Perry XLX-C work-class remotely operated vehicles (ROVs). DOF Subsea will deploy the vehicles onto three of its ROV support vessels for recently awarded projects in Brazil. Continue reading

Oilfield services provider TechnipFMC has been awarded a significant subsea contract for Lapa field located offshore Brazil.  The contract was awarded by Total, on behalf of the Lapa field consortium comprised of Total (35%), Shell Brasil Petróleo Ltda. (30%), Repsol Sinopec Brasil S.A. (25%) and Petrobras (10%). The value of the contract for TechnipFMC is... Continue Reading →

Crimefighters in Switzerland and Brazil pledged to intensify cooperation to resolve the sprawling corruption case linked to state oil firm Petrobras in which around 700 million Swiss francs ($701 million) remain frozen in Switzerland. Switzerland has so far returned roughly 365 million Swiss francs ($365.6 million) to Brazil related to Petrobras and construction firm Odebrecht,... Continue Reading →

April 8, 2019 Ibama is indicating the exclusion of exploratory blocks JA-M-26, M-43, JA, JA-M-45, all in the Jacuípe basin, in 16th round of bidding, scheduled for 10 October. The indication counts for the areas offered in the 6th round of the pre-salt and the 16th round of concession areas. The environmental agency argued that... Continue Reading →

04/08/19 Suppliers of drill pipe risers considered risky contract model proposed by Petrobras Weatherford was the only company to submit a proposal in a Petrobras bidding process to hire Drill Pipe Risers (DPR) systems capable of operating under pressures of up to 10,000 psi. The classification of the bid must be published in the electronic... Continue Reading →

05/04/2019 1 Petrobras signed the agreement that validates the unification of fields in the region known as "Parque das Baleias", located in the portion of the Campos Basin facing Espírito Santo. The ceremony was held at Palácio Anchieta, in Vitória (ES), with the presence of the company's president, Roberto Castello Branco. Parque das Baleias is... Continue Reading →

If the rest of 2019 continues at the same pace of discoveries as the first quarter, the year will exceed 2018’s discovered resources by 30%, according to energy intelligence group Rystad Energy. Rystad said on Monday that global discoveries of conventional resources in the first quarter reached a robust 3.2 billion barrels of oil equivalent... Continue Reading →